Dow Intraday Charts 18/03-22/03

[ChartMan]

Measured move, ND top, Bear wedge, Bull Flag. Study the Fib retracements re the "measured move...and the peak just before end of day.

 

[ChartMan]

Here's the Mpeg chat to go with the above chart....Note this is an auto playing audio file.....Switch your speakers on 🙂

 

[payneg01]

Hi Chartman

Like your style.

Many thanks
Greg

Good luck

 

[ChartMan]

I've changed the timesacle tonight- there's a lot toget in today.
A Diamond with ( so far) a characteristic false break( last 3 times).Measured move with flag/conso and 559 target.2 flags that did nothing....then a major greenie tank and recovery, ending in RS switch.Note the Fib recovery points. Didn't really help on the way down to pinpoint the bottom...

 

[ChartMan]

Commentary on above chart....

 

[ChartMan]

What can I say 🙁 Still,just for those that don't know the rule, trade what you see, not what you think. Not a lot to see from today's action, just a Bear Flag ( not seen that in a while🙂 ) that has a target of 464. Whether it will get there, wait and see... No audio commentary for this one...

 

[ChartMan]

Double Inv H&S, measured moves

 

[ChartMan]

Another "uninteresting " day from a TA point of vew, but there examples of H&S with targets that performed. Seems yesterday was full of them, both normal and inverted.